– AAA Lendings Portfolio Program – AAA Lendings Detail:
				
		Overview
	
Portfolio Bank Statement
Portfolio DSCR
Portfolio Foreign National DSCR
* Retail Only
		Details
	
1) 5/6 ARM 30 Day Average SOFR (5/1/5);
2) Buydown ratio under par 1:2;
3) Range of Loan Amount $500,000 – $5,000,000.
* Buyup ratio over par unacceptable
		What’s this program?
	
Portfolio Bank Statement
1) Lender Fee same as portfolio program;
2) Trust/Entity Review, if applicable $300;
3) TX Doc Review, if applicable $150;
4) Bank Statement Income LTV Max 65%;
5) Bank Statement – Interest Only Max LTV 60%;
6) Minimum Loan Amount $500,000;
7) Foreign National – Not Eligible;
8) 18-Month Pre-Payment Penalty is equal to 6 months interest.
Portfolio DSCR
1) Lender Fee same as portfolio program;
2) Trust/Entity Review if applicable $300;
3) TX Doc Review if applicable $150;
4) Minimum Loan Amount $500,000;
5) Foreign National – Not Eligible;
6) Minimum DSCR 1.000;
7) Loan Made to Natural Person – No Entity Borrowers;
8) 2-4 Unit Property Eligible and 5% Reduction in Max LTV/CLTVs on Matrix;
9) 18-Month Pre-Payment Penalty is equal to 6 months interest.
Portfolio FN DSCR
1) Lender Fee same as portfolio program;
2) Trust/Entity Review if applicable $300;
3) TX Doc Review if applicable $150;
4) Foreign National Review $250;
5) Minimum Loan Amount $500,000;
6) Minimum DSCR 1.000;
7) Interest Only – Not Allowed;
8) Power of Attorney – Not Allowed;
9) Pre-Payment Penalty (Investor only) is 18 months and equal to 6 months interest.
		How to Calculate Portfolio DSCR?
	
DSCR shall be calculated as follows: DSCR = *Net Rental Income ÷ Qualifying Monthly Payment (P and I only);
*Net Rental Income = Gross Rents * (1 – Expense Factor);
Expense Factors: Property without HOA = 25%, Property with HOA = 30%;
Rent will be the lesser of: Current lease income or the amount on the 1007 provided by the appraiser showing the estimated market rent schedule.
Product detail pictures:
 
                            Related Product Guide:
AAA LENDINGS takes pride in our community involvement and social responsibility. We believe that being a responsible lender means giving back to the communities we serve. Our team actively participates in charitable initiatives, supporting local causes, and promoting financial literacy. We're not just in the business of providing loans; we're invested in making a positive impact on the lives of our clients and the communities they call home. – AAA Lendings Portfolio Program – AAA Lendings , The product will supply to all over the world, such as: Guinea , Namibia , Malawi , Based on our automatic production line, steady material purchase channel and quick subcontract systems have been built in mainland China to meet customer's wider and higher requirement in recent years. We are looking forward to cooperating with more clients worldwide for common development and mutual benefit!Your trust and approval are the best reward for our efforts. Keeping honest, innovative and efficient, we sincerely expect that we can be business partners to create our brilliant future!
 By Dawn
 from
                                Angola
 -
                                2018.10.31 10:02
 By Dawn
 from
                                Angola
 -
                                2018.10.31 10:02
                            The factory has advanced equipment, experienced staffs and good management level, so product quality had assurance, this cooperation is very relaxed and happy!
 By Christine
 from
                                Australia
 -
                                2017.04.08 14:55
 By Christine
 from
                                Australia
 -
                                2017.04.08 14:55
                            

 
				



